Financial experts generally recommend refinancing if it gives the customer a lower rate at least two points.

The other facet of a mortgage program is the FHA CT program using the owner if you fall on hard times and need help to make your payments.

Again, do not be afraid, even if you find yourself stuck in such a scenario. There is always a way out and that way, of course, is to find a realtor who is willing to do the paperwork for you reworked to refinance at a fixed rate.

But there are those who remain behind and want the stability of regular payments.

You can still get a loan, no matter what your credit history or the current debt situation.